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1 0 . Bond J has a coupon rate of 5 percent, 1 8 years to maturity, makes semi - annual payments, and has a

10 .

Bond J has a coupon rate of

5

percent,

18

years to maturity, makes semi

-

annual payments, and has a YTM of

8

percent. If the YTM suddenly rise by

2

percent, to

10

percent, what is the percentage price change of the bond?

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